Consistent with his preferred deal types, this transaction was entirely off-market, with Lewis independently procuring and uniting the buying and selling entities.
Cheshire, CT (PRWEB) September 25, 2015
Last week, Calcagni Commercial represented both sides of the sale of 292 Boston Post Road in Orange, Connecticut for a purchase price of $5,425,000. The +/- 1.75 acre property is improved with a +/- 14,791 square foot building occupied by Party City and Subway.
The property was sold by A&J Equities, LLC of Westbrook, Connecticut and was acquired by Prime Development Group, LLC of Trumbull, Connecticut. The sale was facilitated by Calcagni Commercial President Ralph Lewis. Consistent with his preferred deal types, this transaction was entirely off-market, with Lewis independently procuring and uniting the buying and selling entities.
“This sale was a smooth one, and much of the ease can be attributed to the knowledge and poise of the buyers and sellers,” commented Lewis. “It’s gratifying to work with such professional and competent parties; the process is less taxing for all involved. The fact that this was a superior investment opportunity also moved things along.”
The buyers remarked upon the quality of the real estate as well, with one of the partners, Steven Field, stating, “We are very excited about adding this acquisition to our portfolio. With strong tenants, a good location, high visibility and great traffic we expect this to be a valuable piece of property for many years to come.”
Calcagni Commercial is gathering significant momentum in the off-market sector, garnering recognition as it goes. The company is proactively combing the real estate landscape for new opportunities to spotlight its expertise with large-scale transactions.